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Digitisation has completely changed the lending system in India which always existed. This has become possible with the shrinking gap between the new technologies and the lending system. With digital lending each and every step of the lending and borrowing process is now completed through electronic which means the process is completely paperless. Since the beginning of modern banking in India, the process to apply for a loan has been too lengthy which followed up with lots of stress, time consumption, tension too. Because of all these, it was very important and need of the time to introduce a new kind of lending which can provide an ease to the borrower to avail any kind of loan. Digital Lending is the solution to all the above problems and a new age in the domain of lending.The global digitization in lending market is expected to exhibit a CAGR of more than +53% between 2017 and 2025.
Many online lending companies and non-bank lenders have emerged to capitalize on the inefficient lending process of banks. The growth of these companies also demonstrates that customers are looking for more convenience, which digitization can provide. The significant rise of non-bank lenders has led banks to invest more in digital technology, and form partnerships with them to remain leading operators in the lending market.
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The growing adoption of digitalization is the main factor that is driving the market. Through digitIzation, the lending system has changed completely. Digital lending is advancement in the lending and borrowing process which is carried out on the online or digital platform without making use of paperwork. It has saved up a lot of time and has increased data security. The traditional processes were chaotic as loads of documents were collected and piled up but now with the help of digital lending, it is just a click away as everything is online.
Analysts also reflected every factor that could be used to distinguish drivers, limitations, opportunities and threats of the Global Digitization In Lending Market. Some of the elements considered for the analysis include annual revenue, key segments, production capacity and new products. Industry principles are also documented for market analysis. This is coupled with understanding business practices of the market, sympathetic government’s presence in the industry, classifying leverage of Digitization In Lending market globally, reviewing commercial terms and conditions and analyzing market subjects and trends.
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Table Of Content:
Chapter 1 Digitization In Lending Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
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